Home India Ministry of Finance WHEREAS, sub ection 1 of section 44 of the Central Goods and...
Date: 2018-12-11 Category: Extra Ordinary State: Union Government Country: India

WHEREAS, sub ection 1 of section 44 of the Central Goods and Services Tax Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This order, titled the Central Goods and Services Tax Removal of Difficulties Order, 2018, addresses challenges in furnishing the annual return electronically as per Section 44 of the Central Goods and Services Tax Act, 2017. It clarifies that the electronic system's development is underway and will likely be operational by January 31, 2019. It extends the deadline for furnishing the annual return for the period from July 1, 2017, to March 31, 2018, to March 31, 2019. Key Points / Main Content: * **Order Title:** Central Goods and Services Tax Removal of Difficulties Order, 2018. * **Section 44 Amendment:** * An explanation is inserted after subsection 2 of Section 44 of the Central Goods and Services Tax Act, 2017. * The annual return for the period from July 1, 2017, to March 31, 2018, must be furnished on or before March 31, 2019. * **Context:** The electronic system for furnishing the annual return is under development and expected to be operational by January 31, 2019. Impact Analysis: Registered Persons (excluding Input Service Distributors, those paying tax under sections 51 or 52, casual taxable persons, and non-resident taxable persons): * Impact: Registered persons are granted an extension for furnishing their annual return for the period of July 1, 2017, to March 31, 2018. * Action Required: Furnish the annual return electronically on or before March 31, 2019.

Key Entities Referenced

Central Goods and Services Tax Act, 2017: A tax law in India, mentioned as the primary act being amended and referenced in the order. Section 44: A specific section of the Central Goods and Services Tax Act, 2017 concerning the furnishing of annual returns. Input Service Distributor: A type of registered person excluded from certain requirements under Section 44 of the Central Goods and Services Tax Act, 2017. Central Government: The governing body authorized to make orders and remove difficulties related to the Central Goods and Services Tax Act, 2017. Council: The advising body whose recommendations are required for the Central Government to make orders related to the Central Goods and Services Tax Act, 2017. Central Goods and Services Tax Removal of Difficulties Order, 2018: The formal name of the order issued to address difficulties in implementing the Central Goods and Services Tax Act, 2017. New Delhi: Location of Ministry of Finance Ministry of Finance: The government ministry responsible for the order regarding the Central Goods and Services Tax Act, 2017
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